Enumerate several weaknesses associated with the payback period as a method for selecting long-term investments.
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Enumerate several weaknesses associated with the payback period as a method for selecting long-term investments.
Payback PeriodPayback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...
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Note that the payback method has two significant weaknesses First it does ...View the full answer
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Related Book For 
Basic Finance An Introduction to Financial Institutions, Investments and Management
ISBN: 978-1285425795
11th Edition
Authors: Herbert B. Mayo
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